Mobile banking is safe, convenient with precautions

According to the Oklahoma Bankers Association, mobile banking can be a great tool in deterring fraud because it allows users to check the accounts frequently and partner with banks to stop fraudulent activity before it becomes a problem. But Elaine Dodd, OBA Vice President/Fraud, said, “At the same time, everyone needs ...

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The Daily Ardmoreite

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Posted Oct. 4, 2012 at 10:00 AM

Posted Oct. 4, 2012 at 10:00 AM

According to the Oklahoma Bankers Association, mobile banking can be a great tool in deterring fraud because it allows users to check the accounts frequently and partner with banks to stop fraudulent activity before it becomes a problem. But Elaine Dodd, OBA Vice President/Fraud, said, “At the same time, everyone needs to be educated that your smartphone should be treated just like a checkbook or wallet and not be left accessible to potential fraudsters because of the information it does hold.”

Oklahoma community banks in partnership with the OBA offer the following tip for consumers to protect their information: